The Central Bank has repatriated over $1.5 billion in export foreign currency following comprehensive regulatory overhauls. Official representatives confirmed that these structural measures successfully accelerated capital returns while reducing administrative delays. Consequently, local financial networks now report an increased supply of foreign currency within centralized banking systems. These regulatory shifts aim to facilitate smoother trade operations for domestic commercial entities nationwide.
Policy adjustments launched earlier this year established direct channels for returning physical currency banknotes. Previously, strict regulatory guidelines prohibited commercial exporters from repatriating earned foreign funds using cash options. However, financial authorities eliminated those operational constraints, generating immediate hard-currency inflows across local banking centers. As a direct result, trade organizations processed significant cash volumes during the initial implementation months.
Regulatory modifications under Article 11 of the Seventh Development Plan expanded direct transaction capabilities. Before these legislative changes took effect, direct exchange transactions remained restricted to below $1 million daily. Today, daily trade volumes between certified importers and exporters regularly surpass $50 million. Therefore, domestic manufacturing companies can secure necessary raw material funding within a single business day.
Mehdi Darabi, assistant to the Central Bank governor, detailed how supervisory measures protect market balance. Historically, lengthy bureaucratic procedures complicated trade settlements when commercial exporters attempted to sell funds directly. Under the updated framework, commercial banks purchase export currency directly and must resell it to importers. Meanwhile, Central Bank officials actively supervise every stage of transactions to maintain liquidity across sectors.
Commercial banks can now allocate purchased cash reserves directly toward funding essential national imports. Previously, exporters had to channel physical cash exclusively toward designated service categories or monetary authorities. Looking ahead, officials are advancing further corrective frameworks within the government Economic Committee alongside ministry representatives. These collaborative legislative initiatives aim to streamline trade processes while supporting long-term economic stability.